Markets Trade Flat As Sebi Tightens P Note Norms

Benchmark indices opened the day higher, but, soon slipped into the red, as investors worried over the tightening of P Note norms, including KYC requirements.

P Notes, are instruments through which some foreign institutional investors invest in the Indian markets. Over the years, through these instruments a lot of foreign funds have invested in the Indian markets.

Markets also discounted results of the state elections, which was widely on expected lines.

The Sensex was trading with gains of 35 points, while the Nifty was up 5 points in early trade.